20.03.2020 18:57
YEREVAN, March 20. /ARKA/. The Central Bank of Armenia has lowered the refinancing rate to maintain macroeconomic stability in the country, Arthur Stepanyan, a member of the central bank’s board, said at a news conference at the Unified Information Center on Friday.
On March 17, the regulator decided to reduce the refinancing rate by 0.25 percentage points, bringing it to 5.25%.
"The Central Bank of Armenia lowered the refinancing rate, while many countries in the region increased it or left it unchanged, because in this situation the role of monetary policy is limited, and its tools cannot impact the development of the real economy due to health issues, as well as the development of certain areas economy," Stepanyan said.
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